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Royal Canadian Mint Cancels $200 For $200 Face Value Coins For 2016

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Pillar of the Community
Canada
640 Posts
 Posted 02/17/2017  5:04 pm  Show Profile   Bookmark this reply Add justsilver to your friends list Get a Link to this Reply
I deposited thousands of face value coins into bank.

Still have thousands FV coins with me for personal collection.

Problem on RCM FV coin program is not on collector or RCM's customers, it is on RCM to release million & million dollars of fv coins into the market and claim $20 coin exchange for $20 banknote, which customers can deposit back to bank as cash.

RCM is too greedy on FV CoIn Program by minting so many extra.....................

If RCM control FV coin with mintage 20,000 or 50,000 on EACH coin, instead of 200,000 pcs per coin. Things will be difference.

p.s. I am still holding around 50 pcs $20 Canoe. Sold 150 pcs $20 Canoe at cost to other coin forum's memberS.
Pillar of the Community
Redzapsid's Avatar
Canada
1571 Posts
 Posted 02/17/2017  5:17 pm  Show Profile   Bookmark this reply Add Redzapsid to your friends list Get a Link to this Reply
The limits set on the website did not apply if you have a rep. I could've bought 100 of each coin if I wanted to
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MoneyPenney's Avatar
Canada
2984 Posts
 Posted 02/17/2017  5:56 pm  Show Profile   Bookmark this reply Add MoneyPenney to your friends list Get a Link to this Reply
The reps cracked down during the last year of the program. They placed limits on how many you could order. But, yes, in early years of program you could order as many as you want if you had a rep. I am sure that accounted for so many people in the higher MC tiers.
Pillar of the Community
Canada
5324 Posts
 Posted 02/17/2017  6:32 pm  Show Profile   Bookmark this reply Add john100 to your friends list Get a Link to this Reply
You had to have a super rep and spent eons before at the RCM for them to allow large purchases of these x for x coins, I don't think many collectors that could buy huge amounts where doing it just to jump MC tiers.
Pillar of the Community
Canada
2845 Posts
 Posted 02/17/2017  11:13 pm  Show Profile   Bookmark this reply Add wildflowerAB to your friends list Get a Link to this Reply
PrairieRose to CCF!

Thanks for sharing your discussion.
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